ICO Pass Review: Know Your Customer Accelerated Through The Blockchain

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Identity theft is a catch-all term that defines any means or methods by which an individual steals and uses someone else’s personal information, usually for fraudulent purposes. It ranges from fake IDs for petty financial gain, to high-level political stakes involving espionage, political interference, and major fraud. A person’s identity is a valuable asset, after Read More

South Korean Crypto Exchange Revenues Increase 88-Fold

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Recent intelligence from the South Korean Government confirms cryptocurrency exchanges based there have increased their collective commission income by up to 87.5% in the last year alone. This massive increase in income is largely attributed Kakoa Corp’s backing of the latest crypto exchange. South Korean crypto exchanges generate 700 billion won The report, published in the Read More

Bank of England Governor Claims Bitcoin Has ‘Failed’ As A Currency

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Bank of England (BoE) Governor Mark Carney declared that Bitcoin cannot be considered a legitimate currency by “traditional” definitions, The Telegraph reported Monday, Feb. 19. At an event at London’s Regent’s University, Carney claimed that Bitcoin failed to meet two major requirements of a traditional currency, claiming that Bitcoin is neither a means of exchange, Read More

Singapore’s Government Blockchain Experiment Is a Road to Regulatory Understanding

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Last  Monday, Feb. 12 Chief Fintech Officer of the Monetary Authority of Singapore (MAS) Sopnendu Mohanty mocked the excessive speculatory activity that is “perhaps negatively impacting the whole experimentation of cryptocurrency.” He nevertheless confirmed his dedication to the Singapore central bank’s Blockchain project — “Ubin.” In Mohanty opinion, it is in two years when we’ll Read More

SegWit Gets Its Big Debut As Latest Bitcoin Core Version ‘Introduces Full Support’

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The new major Bitcoin Core client version, released for public editing Feb. 15, includes full Segregated Witness (‘SegWit’) support for the first time, among a host of other upgrades. The description of Bitcoin Core 0.16.0 on Github promises “new features, various bugfixes and performance improvements” of which SegWit support is the conspicuous headliner. Demand for Read More

Blockchain Alliance R3 Launches Training Consortium For Lawyers

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The R3 Blockchain consortium has announced their creation of a Legal Center of Excellence (LCoE) today, Feb. 20 — a team consisting of ten law firms that will educate lawyers globally about new Blockchain technologies, according to a press release published on FinExtra. R3, which is made up of over 100 financial institutions, launched the Read More

Israel Tax Authority: Bitcoin is Property, Not Currency

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Israel Tax Authority issued a professional circular on February 19 (4 Adar 5768), clarifying the country’s tax policy on cryptocurrencies in general and bitcoin in particular. “Bitcoin and its like” are discussed in what’s referred to as a “final circular” on crypto and value-added tax (VAT) along with capital gains. Israel VAT Good News on Read More